Tiger Brokers

BUZZ-Mondelez down after annual forecasts below estimates

Reuters
Feb 04
BUZZ-Mondelez down after annual forecasts below estimates

** Shares of Cadbury maker Mondelez International MDLZ.O down ~4% at $57 after the bell

** Co forecasts annual revenue and profit below Wall Street estimates, as shoppers move to more cheaper alternatives amid economic uncertainty

** Expects annual organic net revenue growth to be between flat and 2%, compared with analysts' average estimate of a 3.84% rise, according to data compiled by LSEG

** Sees annual profit growth in the range of flat to 5% on an adjusted basis, compared with analysts' average estimate of a 8.3% rise

** Posts Q4 revenue of $10.50 billion, vs. Wall Street estimates of $10.31 billion

** Stock fell ~10% in 2025

(Reporting by Koyena Das in Bengaluru)

((koyena.das@thomsonreuters.com))

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